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As workers settle into hybrid work routines, some employers are upgrading to nicer spaces with a smaller footprint.
Factors like high interest rates, tight credit and workers continuing to work from home are all hitting commercial construction demand.
Take Boston. Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.
Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
For the rest of the country, remote work numbers are stable.
Elevators have always been awkward. Now they’re a social distancing nightmare.